DETROIT, Jan. 12, 2017 /PRNewswire/ -- Adient (NYSE: ADNT), the world's largest global automotive seating supplier, today announced that its RECARO Automotive Seating product group has won a significant contract with MAN Truck & Bus AG to increase annual seat production at the company's facility in Skarbimierz, Poland. Specifics of the supply contract were not disclosed.
Starting in 2020, RECARO Automotive Seating will incrementally begin supplying high quality commercial vehicle seats for the entire range of MAN models TGL, TGM, TGS and TGX. The driver and passenger seat order will be for approximately 100,000 original MAN vehicles annually. The contract will result in a production increase of annual production there to 300,000 seats. The Polish facility will supply the MAN facilities in Munich and Steyr.
"We are exceedingly pleased by the trust that MAN Truck & Bus has put in RECARO Automotive Seating by placing this order," said Dr. David Herberg, executive director commercial vehicle seating. "Since the market launch of our new generation of seats in 2008, we have been able to continually grow and expand our portfolio."
Herberg added that this milestone in the OEM business reaffirms RECARO Automotive Seating's position in the European commercial vehicle market. "We are a sought-after reliable partner for truck manufacturers – at the same time we are bringing our ambitious growth strategy to fruition."
MAN Truck & Bus is bringing the original equipment seat portfolio of RECARO Automotive Seating into the cabins of light, mid-sized and heavy trucks up to a uniform standard. The seats were developed by RECARO exclusively for MAN, based on its modular commercial vehicle seat platform and are optimally tailored to meet the needs of commercial vehicle drivers.
Within the framework of various equipment packages, MAN customers will be able to choose between luxury and comfort variations from RECARO Automotive Seating that include a complete range of features such as heating and climate control. In addition, RECARO Automotive Seating will supply the passenger seats in different configurations – from a fixed version to a turntable-mounted swivel variant.
RECARO Automotive Seating uses a common parts strategy for its seat structures. It employs standard parts from Adient – especially metal adjustment components – that have been used and tested millions of times. In addition, the modern production facilities in the Polish town of Skarbimierz are set up to handle a high volume of product variants. This enables RECARO Automotive Seating to precisely time production and delivery to the customer just-in-time and sequence as necessary.
RECARO Automotive Seating is continuing to pursue its long-term strategy of establishing itself as an innovative premium manufacturer in the global commercial vehicle market. The strategy includes the expansion of the product and service portfolio and the acquisition of new customers in Europe, Asia and the Americas. In this effort, the company is using the extensive networking opportunities offered by Adient, as well as Adient's high level of vertical integration of seat components.
About Adient:
Adient is a global leader in automotive seating. With 75,000 employees operating 230 manufacturing/assembly plants in 33 countries worldwide, Adient produces and delivers automotive seating for all vehicle classes and all major OEMs. From complete seating systems to individual components, the company's expertise spans every step of the automotive seat-making process. Adient's integrated, in-house skills allow it to take products from research and design all the way to engineering and manufacturing – and into more than 25 million vehicles every year. To learn more, please visit adient.com.
About RECARO Automotive Seating:
RECARO Automotive Seating is a product group of Adient. At eight locations in Germany, Poland, Slovakia, Japan, Mexico, and the USA, we design, manufacture, and market complete seats representative of our core competencies of design, ergonomics, craftsmanship, robustness, lightweight construction, and first-class workmanship, under the brand name RECARO. RECARO Automotive Seating consists of two units: While RECARO Performance Car Seating offers passenger car seats for OEMs and the aftermarket, RECARO Commercial Vehicle Seating focuses on commercial vehicle seats in the OEM and aftermarket segments.
About MAN Truck & Bus AG:
MAN Truck & Bus is one of the leading European suppliers of commercial vehicles and transportation solutions with an annual revenue of € 9 billion (2015). The company's portfolio includes trucks, buses, diesel engines as well as solutions for passenger and freight transportation. MAN Truck & Bus is a company of Volkswagen Truck & Bus GmbH with more than 35,500 employees globally.
Cautionary Statement Regarding Forward-Looking Statements:
Adient plc has made statements in this document that are, or could be, deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and therefore subject to risk and uncertainties, including statements regarding Adient's future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels and plans, objectives, outlook, targets, guidance or goals. Words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "forecast," "project" or "plan" or terms of similar meaning are also generally intended to identify forward-looking statements. Adient cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond Adient's control, that could cause Adient's actual results to differ materially from those expressed or implied by such forward-looking statements, including, among others, risks related to: the impact of the spin-off on Adient's businesses, competitive responses to the spin-off, general economic and business conditions, the strength of the U.S. or other economies, automotive vehicle production levels, mix and schedules, energy and commodity prices, Adient's relationships with its customers and suppliers, the availability of raw materials and component products, currency exchange rates and other factors discussed in the section entitled "Risk Factors" in the information statement filed as Exhibit 99.1 to Adient's registration statement on Form 10 and amendments thereto. The forward-looking statements are made only as of the date of this document and, except as required by law, Adient assumes no obligation to update such statements to reflect events or circumstances occurring after the date of this document.
